Jupiter Topco LLC Takes Position in Hillman Solutions Corp. $HLMN

Jupiter Topco LLC acquired a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) during the second quarter, Holdings Channel reports. The fund acquired 81,198 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Hillman Solutions during the second quarter valued at approximately $125,138,000. Reinhart Partners LLC. lifted its stake in Hillman Solutions by 8.8% during the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after purchasing an additional 916,986 shares during the last quarter. Bank of Montreal Can boosted its holdings in Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after purchasing an additional 870,216 shares during the period. Finally, State Street Corp lifted its position in shares of Hillman Solutions by 0.7% in the 4th quarter. State Street Corp now owns 4,313,518 shares of the company’s stock worth $37,355,000 after buying an additional 28,735 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares in the company, valued at approximately $468,976.11. This represents a 24.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.30% of the company’s stock.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $7.68 on Monday. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85. The firm has a fifty day moving average price of $8.21 and a 200 day moving average price of $8.11. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.49 billion, a PE ratio of 34.91, a P/E/G ratio of 1.08 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. Analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays raised their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Canaccord Genuity Group dropped their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and an average target price of $12.67.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.